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Debate House Prices
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Nominal vs Real House Price Cycles
Comments
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!!!!!!_face wrote: »Don't knock the healing power of humour.
haha!!! Going back to your previous post (as I couldn't figure out how to get rid of the graph LOL), you are quite correct with that graph! The drop in UK house prices is quite shocking to say the least! The measures that Broon took simply shielded the UK from a 'reality' check...however, Broon could not control food or fuel prices! The inflation in food and fuel prices is staggering...and all for the sake of 3 million odd people that overstretched themselves financially?
The US took it's correction...why not the UK? I suspect the Coalition will hang them out to dry quite soon! There is no mortgage funding available on the markets and I'm quite certain the UK govt will not fund it and neither will they take another drop in the value of the currency...we rely too heavily on imports!0 -
!!!!!!_face wrote: »OK, so that's just a bit of fun (my previous post).
That's the first time I've seen the desperation (although interesting) of combining multiple cycles to try and relate to the grief chart.
Thing is it doesn't add up when we are at the mean now!!!!!!_face wrote: »I henceforth look forward to buying my first home in 2012-2013 in cash.
If it happens like you depict in your graph, we'd all be able to buy a few more (if there was enough properties that is
)
If it did happen, doubt you would be using cash.
What did they trade with in Mad Max again?:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Cor, you're so serious.IveSeenTheLight wrote: »That's the first time I've seen the desperation (although interesting) of combining multiple cycles to try and relate to the grief chart.
Thing is it doesn't add up when we are at the mean now
If it happens like you depict in your graph, we'd all be able to buy a few more (if there was enough properties that is)
If it did happen, doubt you would be using cash.
What did they trade with in Mad Max again?
What's a grief chart, btw? Ta.
EDIT: Oh, and also... "we'd all be able to buy a few more?" Thought you'd "seen the light", lol. Luciferian doctrine perhaps...! Long live the faces of t'wunty.0 -
!!!!!!_face wrote: »Potatochop? Nah. Simple with Excel and Paint.
And, as I said: just a bit of fun.
Indeed, but it does demonstrate what I've always said about that graph.
It's complete horseshіt.
If you honestly believe that people will be selling £185,000 properties for £20,000 in two years you really deserve to have missed the boat back in Feb 09.
Still, you can keep your fingers crossed and join a support group like the loonies on HPC. Start your own house buyers strike or form a facebook group.0 -
it took banks collapsing, the money markets seizing up, mortgage lending to nearly disappear and the stock markets falling 40% for property prices to fall 20%...Blacklight wrote: »If you honestly believe that people will be selling £185,000 properties for £20,000 in two years you really deserve to have missed the boat back in Feb 09.
that situation ain't going to be happening again for a long, long time - so if you think property prices are going to fall by larger amounts than 10%... think again...
you could save that 10% just by getting a cheaper mortgage and insuring yourself not only from 10% falls but from house prices rising...0 -
Another sense of humour bypass. Nurse!Blacklight wrote: »Indeed, but it does demonstrate what I've always said about that graph.
It's complete horseshіt.
If you honestly believe that people will be selling £185,000 properties for £20,000 in two years you really deserve to have missed the boat back in Feb 09.
Still, you can keep your fingers crossed and join a support group like the loonies on HPC. Start your own house buyers strike or form a facebook group.
Ooh, and so judgemental too. One "deserves" to have "missed the boat"? Your comment does presuppose a certain arrogance; how can you possibly know someone else's situation?
And it makes me wonder... Why are you bothering to retort to my posts?
It's almost like you stand to lose something. I wonder what. Are you posting here out of fear?
What have you got to lose? Go on, tell us. I'll tell you: I have nothing to lose. I have no fear.
Is that what riles you? Perhaps I am correct.Long live the faces of t'wunty.0 -
Generally agree. Or do I? The house-prices-to-gold chart above kind of says it all. Doesn't it? Maybe not.it took banks collapsing, the money markets seizing up, mortgage lending to nearly disappear and the stock markets falling 40% for property prices to fall 20%...
that situation ain't going to be happening again for a long, long time - so if you think property prices are going to fall by larger amounts than 10%... think again...
you could save that 10% just by getting a cheaper mortgage and insuring yourself not only from 10% falls but from house prices rising...
I did make reference to the overall global inflation megatrend as well. What is that? Don't ask me.
Next question (serious this time): what's going to happen with wages? We need some serious wage inflation and it just isn't happening outside the glorious sector of Banking, the true rulers of the UK and the world.Long live the faces of t'wunty.0 -
that would now make you one of those 'bulls' or 'HPI cheerleaders' like i'm supposed to be!!!!!!_face wrote: »Generally agree.0 -
With the devalued, er, f*cking everything in the UK compared to global terms I think it is possible to be both bearish and a little bullish.that would now make you one of those 'bulls' or 'HPI cheerleaders' like i'm supposed to be
Nominal inflation needs to be nobbled, mind. And where is that wage inflation?!
Point is, pretty much no-one but the most insane bulls are anticipating another proper bull run on property.
And actually I can see you're not a total nutter despite your bullish inclinations. Thankfully. How is your fasting going?Long live the faces of t'wunty.0 -
!!!!!!_face wrote: »Another sense of humour bypass. Nurse!
Ooh, and so judgemental too. One "deserves" to have "missed the boat"? Your comment does presuppose a certain arrogance; how can you possibly know someone else's situation?
And it makes me wonder... Why are you bothering to retort to my posts?
It's almost like you stand to lose something. I wonder what. Are you posting here out of fear?
What have you got to lose? Go on, tell us. I'll tell you: I have nothing to lose. I have no fear.
Is that what riles you? Perhaps I am correct.
Hmm, my comments weren't aimed at anyone in particular and certainly not at the person who went out of their way to demonstrate how !!!!!! that graph really is.
I'm not sure what your issue is. Perhaps have a lie down or read some of carols' posts, they're usually good for a laugh.0
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